Welcome to our dedicated page for Seagate Technology Holdings news (Ticker: STX), a resource for investors and traders seeking the latest updates and insights on Seagate Technology Holdings stock.
Seagate Technology Holdings plc reports developments in mass-capacity data storage, including hard disk drive technology, enterprise storage demand, and consumer storage products. The company serves hyperscale cloud providers, enterprises, and consumers with storage solutions used to protect, create, manage, and scale data.
Recurring Seagate news includes fiscal results, dividend actions, investor-event participation, board governance updates, and product announcements across its Seagate, FireCuda, and LaCie brands. Technology updates also cover its Mozaic platforms, HAMR-based storage, high-capacity drives, and customer qualification activity in hyperscale environments.
Seagate Technology Holdings plc (NASDAQ: STX) announced participation in two upcoming virtual investor events. The first event is Deutsche Bank's Virtual Technology Conference on September 9, 2021, at 12:50 PM PT. The second is Citi's Global Technology Virtual Conference on September 14, 2021, at 10:00 AM PT. Live audio webcasts will be accessible on Seagate's Investor Relations website, with replay available for 30 days post-event. Seagate, a leader in data storage, has shipped over three billion terabytes of data capacity.
NI and Seagate Collaboration - NI (NASDAQ: NATI) and Seagate Technology (NASDAQ: STX) have launched a new collaboration to enhance data storage and transfer services for autonomous vehicles. This includes an innovative ADAS record offering that combines NI’s in-vehicle data logging systems with Seagate’s edge storage services. The partnership aims to reduce costs and optimize data handling, aligning with the growing data needs of autonomous vehicles.
Seagate Technology Holdings plc (STX) announced impressive financial results for Q4 and fiscal year 2021, achieving record revenues of $3.013 billion, the highest in six years. Strong demand in cloud storage drove a 20% year-over-year revenue increase. Non-GAAP EPS reached $2.00, compared to $1.20 in the prior year. The company generated $1.6 billion in cash flow from operations in FY 2021 and repurchased 33.6 million shares. A quarterly dividend of $0.67 per share has been declared, payable on October 6, 2021, reflecting solid financial health.
Seagate Technology Holdings plc (NASDAQ: STX) is set to release its fourth quarter and fiscal year 2021 financial results on July 21, 2021, before market opening. A conference call will be held that same day at 6:00 a.m. Pacific / 9:00 a.m. Eastern to discuss these results. This marks an important moment for investors as they await insights into the company's performance. Seagate, a leader in data storage solutions, has been innovating for over 40 years and has shipped over three billion terabytes of data capacity.
Seagate Technology Holdings plc (NASDAQ: STX) has raised its revenue and earnings guidance for Q4 FY2021, ending July 2, 2021. The CEO, Dave Mosley, attributes this increase to robust demand in mass capacity markets. The updated revenue forecast is $2.95 billion, up from $2.85 billion, with a non-GAAP EPS estimate of $1.85, compared to the previous $1.60. This revision reflects strong market conditions and Seagate's manufacturing agility amid changing demand.
Seagate Technology Holdings plc (NASDAQ: STX) will participate in two key virtual investor events in June 2021. The first is the Bank of America 2021 Global Technology Conference on June 8, 2021, at 8:30 AM PT / 11:30 AM ET. The second event is the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 10:20 AM PT / 1:20 PM ET. Investors can access the live audio webcasts on Seagate’s Investor Relations website and view replays for 30 days post-event.
Seagate, a leader in data storage solutions, has a history of over 40 years and has shipped more than three billion terabytes of data capacity.
Seagate Technology (NASDAQ: STX) reported impressive fiscal Q3 results ending April 2, 2021, with revenue reaching $2.731 billion, slightly up from $2.718 billion in Q3 2020. The company achieved non-GAAP EPS exceeding guidance, reflecting strong operational execution and high demand for nearline drives. CEO Dave Mosley highlighted a positive outlook for the June quarter, anticipating year-over-year revenue growth and enhanced profitability as data storage needs intensify globally.
Seagate Technology (NASDAQ: STX) will announce its fiscal third quarter 2021 financial results on April 22, 2021, after market close. The conference call for investors will begin at 1:30 p.m. Pacific / 4:30 p.m. Eastern. Investors can access the live audio webcast on Seagate's Investor Relations website.
With over 40 years in data storage solutions, Seagate has shipped over three billion terabytes of data capacity, positioning itself as a leader in the technology sector.
Seagate Technology (NASDAQ: STX) has launched Lyve™ Data Transfer Services, featuring a fleet of Lyve Mobile data shuttles and a flexible on-demand purchasing model. This service enables businesses to transfer large data volumes securely and efficiently between storage locations, vital as enterprise data is projected to grow by 42.2% annually over the next two years. Customers can access these services through a scalable subscription model, optimizing storage costs and enhancing data management.
Seagate Technology (NASDAQ: STX) has appointed Shankar Arumugavelu to its Board of Directors, effective March 19, 2021. He will also serve on the Audit and Finance Committee. Arumugavelu, currently CIO at Verizon, brings extensive experience in IT strategy and enterprise transformation. His expertise aligns with Seagate's focus on leveraging data in mass capacity markets. The appointment aims to enhance the company’s innovative efforts in data storage and management solutions.